"Lessons From the Past"

Thomas Sowell with his usual evisceration of minimum wage laws.

Seventy-one years ago this month — in January 1948 — a black, 17-year-old high school dropout left home. The last grade he had completed was the 9th grade. He had no skills, little experience, and not a lot of maturity. Yet he was able to find jobs to support himself, to a far greater extent than someone similar can find jobs today.

I know because I was that black 17-year-old. And, decades later, I did research on economic conditions back then.